Office Building with Finished
For Sale
$450,000
400 Us Highway 206 #400, Hillsborough, NJ 08844
Gateway A zoning, dual front doors and a finished lower level shape a flexible office configuration.
Property Size1,326 SF
Price / SF$339.37
Days on Market123
Property Features for 400 Us Highway 206 #400
General Information
Standard status
Active
Size
1,326 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
Gateway A
Additional Details
Road Access
Yes
Amenities
kitchen
private offices
full bathroom
recessed lighting
laminate and tile flooring
hardwood flooring
finished basement
updated half bath
private paved lot
PVC fencing
back shed
two front entrances
Building Details
Building Size
1,326 SF
Year Built
1956
Buildings
1
Stories
1
Units
1
Listing Agency:
Era Central Realty Group
(609) 259-0200
Listed By:
Roslyn Sibilia
(732) 462-8600
Source:
Cammarotarealestate
Added: Jun 26
Changed: Oct 25
Last Checked: Oct 26 at 3:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Era Central Realty Group
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Investment Insights
Based on property information with market context.
Built in 1956, this office property has an open work area, a kitchen, three private offices and a full bathroom. Two entrances at the front offer separate access to the reception area. The finished basement adds storage or office space and has an updated half bath. Recessed lighting and laminate and tile flooring are installed, with hardwood flooring beneath. A rear shed provides additional exterior storage.
The property is on US Highway 206 in Hillsborough Township and is zoned Gateway A. A private paved lot provides off-street parking, and PVC fencing surrounds the outdoor area. The lot may offer room for a building expansion, subject to approvals.
The property is on US Highway 206 in Hillsborough Township and is zoned Gateway A. A private paved lot provides off-street parking, and PVC fencing surrounds the outdoor area. The lot may offer room for a building expansion, subject to approvals.
Key Highlights
- Three private offices, an open work area, kitchen and full bathroom
- Finished basement with an updated half bath
- Two front entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,288
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,760
$405.8K
Cap Rate 7%
$289,829
$289.8K
Cap Rate 9%
$225,422
$225.4K
Market Conditions
NOI Build-Up for 1,326 SF
Gross rent
$39.8K $30.00/SF
− Vacancy
−$12.7K −$9.60/SF
EGI
$27.1K $20.40/SF
− OpEx
−$6.8K −$5.10/SF
NOI
$20.3K $15.30/SF
Area
Somerset County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,760
Cap Rate 7%
$289,829
Cap Rate 9%
$225,422
Alternative Uses
Best Use
Office B
$289.8K
$253.6K – $338.1K
NOI $20,288 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.2K
$303.0K – $404.0K
NOI $24,237 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Explore this area
Business Placement
Demographics for 08844, NJ
43,333
Population
16,168
Households
2.7
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
55.2 sq mi
ZIP Area
785
Density / Sq Mi
$153,785
Median Household Income
$74,977
Median Earnings
$2,171
Median Rent
$537,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Gateway A zoning, dual front doors and a finished lower level shape a flexible office configuration.
Where is this office building located?
The property is located at 400 Us Highway 206 #400 Hillsborough, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three private offices, an open work area, kitchen and full bathroom; Finished basement with an updated half bath; Two front entrances
